W 
4.96
-0.40%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥3.03bn
FY2016FY2025
Net income
−CN¥187.0m
FY2016FY2025
Free cash flow
−CN¥17.5m
FY2016FY2025
Shareholders' equity
CN¥3.57bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.03bn | CN¥3.61bn | CN¥4.76bn | CN¥5.24bn | CN¥2.50bn | CN¥2.28bn | CN¥1.92bn | CN¥2.83bn | CN¥1.56bn | CN¥1.40bn |
| Research and development | CN¥21.8m | CN¥35.2m | — | — | — | — | — | CN¥53.1m | CN¥9.9m | CN¥9.6m |
| Operating income | −CN¥52.6m | CN¥114.8m | CN¥238.3m | CN¥631.3m | CN¥623.7m | CN¥669.0m | CN¥653.9m | CN¥812.8m | CN¥408.5m | CN¥125.1m |
| Net income | −CN¥187.0m | CN¥40.9m | CN¥164.4m | CN¥311.7m | CN¥474.7m | CN¥484.3m | CN¥510.5m | CN¥576.8m | CN¥314.8m | CN¥80.7m |
| Diluted earnings per share | -0.27 | 0.06 | 0.23 | 0.44 | 0.68 | 0.69 | 0.73 | 0.80 | 0.43 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥8.59bn | CN¥5.87bn | CN¥6.20bn | CN¥6.49bn | CN¥7.38bn | CN¥7.87bn | CN¥7.69bn | CN¥6.11bn | CN¥5.76bn | CN¥4.11bn |
| Cash and short-term investments | CN¥460.6m | CN¥469.9m | CN¥674.1m | CN¥1.15bn | CN¥2.62bn | CN¥2.55bn | CN¥2.70bn | CN¥1.52bn | CN¥1.87bn | CN¥1.02bn |
| Total liabilities | CN¥4.12bn | CN¥2.10bn | CN¥2.40bn | CN¥2.79bn | CN¥3.85bn | CN¥4.71bn | CN¥4.93bn | CN¥3.79bn | CN¥3.72bn | CN¥2.44bn |
| Debt | CN¥1.27bn | CN¥516.8m | CN¥100.0m | CN¥340,589 | CN¥45.0m | CN¥1.5m | CN¥4.0m | CN¥392.6m | CN¥600.2m | CN¥597.8m |
| Shareholders' equity | CN¥3.57bn | CN¥3.76bn | CN¥3.79bn | CN¥3.70bn | CN¥3.53bn | CN¥3.16bn | CN¥2.76bn | CN¥2.32bn | CN¥1.92bn | CN¥1.67bn |
| Shares outstanding | 692m | 691m | 701m | 701m | 700m | 700m | 701m | 721m | 725m | 717m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥996.2m | −CN¥565.2m | −CN¥293.7m | −CN¥1.13bn | CN¥198.9m | −CN¥93.1m | CN¥1.64bn | CN¥274.1m | CN¥1.45bn | CN¥865.6m |
| Capital spending | −CN¥1.01bn | −CN¥67.4m | −CN¥219.7m | −CN¥71.4m | −CN¥49.6m | −CN¥3.5m | −CN¥1.7m | −CN¥13.6m | −CN¥5.4m | −CN¥90,881 |
| Free cash flow | −CN¥17.5m | −CN¥632.6m | −CN¥513.5m | −CN¥1.20bn | CN¥149.2m | −CN¥96.6m | CN¥1.64bn | CN¥260.5m | CN¥1.45bn | CN¥865.5m |
| Dividends paid | −CN¥37.9m | −CN¥49.5m | −CN¥72.7m | −CN¥105.1m | −CN¥105.1m | −CN¥105.2m | −CN¥70.1m | −CN¥127.6m | −CN¥90.9m | −CN¥104.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥682.7m | CN¥472.5m | CN¥560.1m | CN¥319.6m | CN¥1.05bn | CN¥1.10bn | CN¥1.19bn | CN¥1.17bn |
| Operating income | CN¥57.2m | CN¥42.1m | −CN¥225.3m | CN¥47.1m | CN¥82.1m | CN¥51.5m | −CN¥46.6m | CN¥24.5m |
| Net income | CN¥3.0m | CN¥11.9m | −CN¥262.7m | −CN¥5.8m | CN¥46.5m | CN¥36.1m | −CN¥67.2m | CN¥2.5m |
| Diluted earnings per share | 0.00 | 0.02 | -0.38 | -0.01 | 0.07 | 0.05 | -0.10 | 0.00 |
| Cash from operations | — | — | CN¥70.0m | CN¥176.0m | CN¥250.0m | CN¥498.0m | −CN¥318.0m | CN¥169.0m |
| Capital spending | −CN¥363.0m | −CN¥413.0m | −CN¥407.0m | −CN¥367.0m | −CN¥133.0m | −CN¥104.0m | −CN¥5.0m | −CN¥25.0m |
| Free cash flow | — | — | −CN¥337.0m | −CN¥191.0m | CN¥117.0m | CN¥394.0m | −CN¥323.0m | CN¥144.0m |
| Total assets | CN¥8.53bn | CN¥8.63bn | CN¥8.59bn | CN¥8.55bn | CN¥8.20bn | CN¥8.10bn | CN¥5.87bn | CN¥6.04bn |
| Cash and short-term investments | — | — | CN¥460.6m | CN¥548.9m | CN¥548.1m | CN¥441.8m | CN¥469.9m | CN¥454.1m |
| Debt | CN¥1.51bn | CN¥1.29bn | CN¥1.18bn | CN¥530.7m | CN¥710.5m | CN¥705.8m | CN¥516.8m | CN¥228.8m |
| Shareholders' equity | CN¥3.58bn | CN¥3.58bn | CN¥3.57bn | CN¥3.83bn | CN¥3.84bn | CN¥3.79bn | CN¥3.76bn | CN¥3.82bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -0.7% | 3.5% | 5.1% | 8.4% | 24.6% | 30.3% | — | — | — | — |
| Net margin | -6.2% | 1.1% | 3.5% | 6.0% | 19.0% | 21.2% | — | — | — | — |
| Return on equity | -5.2% | 1.1% | 4.3% | 8.4% | 13.5% | 15.3% | — | — | — | — |
| Return on assets | -2.2% | 0.7% | 2.7% | 4.8% | 6.4% | 6.2% | — | — | — | — |
| Free cash flow yield | 53.5% | -13.3% | -1.9% | -27.9% | 6.5% | -2.4% | — | — | — | — |
| Revenue growth | -16.1% | -24.1% | -9.2% | 109.2% | 9.7% | 18.8% | — | — | — | — |
| Earnings growth | -557.6% | -75.1% | -47.3% | -34.3% | -2.0% | -5.1% | — | — | — | — |
| Current ratio | 1.51x | 2.18x | 2.04x | 1.97x | 1.67x | 1.47x | — | — | — | — |
| Debt to equity | 0.33x | 0.14x | 0.03x | — | 0.01x | — | 0.17x | 0.31x | — | — |
| Equity ratio | 41.5% | 64.0% | 61.2% | 57.0% | 47.8% | 40.1% | — | — | — | — |
| Interest coverage | -0.75x | 10.42x | 47.86x | 158.71x | 440.36x | 1653.37x | — | — | — | — |
| R&D as a share of sales | 0.7% | 1.0% | — | — | — | — | 1.9% | 0.6% | 0.7% | 0.6% |
| Buybacks as a share of market value | -0.2% | 1.3% | 0.0% | -0.0% | -0.0% | 0.1% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.7% | 5.8% | 7.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.9% | 5.6% | 10.4% | 14.2% |
| Net margin | -2.2% | 2.0% | 6.0% | 9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -26.4 | 67.0 | 21.3 | 11.6 | 9.6 | 7.2 | 7.2 | 4.7 | 13.4 | 102.0 |
| Price to sales | 1.6 | 0.8 | 0.7 | 0.7 | 1.8 | 1.5 | 1.9 | 1.0 | 2.7 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 May 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.06 | 0.10 | 0.15 | 0.15 | 0.15 | 0.10 | 0.10 | 0.05 |
- 9-for-5 split · 17 Mar 2010
- 1-to-1 reverse split · 8 Oct 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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